Driver Monitoring System (DMS) Market Size to Expand Significantly by the End of 2026

Currently, a car is a source of entertainment, communication, and working environment for people. This can be a cause of distraction for drivers, leading to accidents. Driver monitoring system (DMS) is a vehicle or driver safety system. Driver monitoring system (DMS) is used to monitor driver attentiveness through infrared sensors. It contains a CCD camera positioned on the steering column that is capable of tracking the eye of the driver. The system warns the driver through warning sounds and flashing lights if any dangerous situation is detected. The vehicle applies the brakes automatically if the driver does not take action in time. Driver monitoring system (DMS) monitors the driver for signs of inattention or sleepiness by using an infrared LED and a camera. Its features include distraction warning, dozing/drowsiness warning, and facial recognition.

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The global driver monitoring system (DMS) market is primarily driven by the increase in need for safety for drivers. Rise in vehicular accidents has boosted the adoption of driver monitoring system (DMS). These accidents can be primarily ascribed to driver distraction, fatigue, and lack of alertness owing to drink and drive cases.

Furthermore, increase in need for efficient, safe, and convenient driving experience is another key factor propelling the global driver monitoring system (DMS) market. Presence of tight government safety regulations regarding driver safety is anticipated to fuel the demand for driver monitoring system (DMS) in the automation industry across the world. This is mainly because of vehicle companies have increased the safety content of their vehicles according to the government regulations and market. Currently, expansion in the luxury cars market is expected to boost the driver monitoring system (DMS) market across the globe. However, high cost of driver monitoring system (DMS) is a key factor anticipated to hamper the global driver monitoring system (DMS) market during the forecast period.

The global driver monitoring system (DMS) market can be segmented based on component, vehicle class, monitoring type, material type, vehicle drive type, and region. Based on component, the driver monitoring system (DMS) market can be bifurcated into software and hardware. In terms of vehicle class, the driver monitoring system (DMS) market can be classified into passenger vehicles and commercial vehicles. In terms of monitoring type, the driver monitoring system (DMS) market can be divided into driver alertness/distraction monitoring, driver fatigue monitoring, drunk driving monitoring, and identity recognition. Based on material type, the market can be segregated into image sensors/cameras, pressure mats, infrared sensors, strain gauges, and steering angle sensors. In terms of vehicle drive type, the driver monitoring system (DMS) market can be classified into IC engine vehicles and electric/battery vehicles.

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In terms of region, the global driver monitoring system (DMS) market can be split into South America, Europe, Asia Pacific, North America, and Middle East & Africa. North America is estimated to hold significant share of the global driver monitoring system (DMS) market during the forecast period. Adoption of driver monitoring system (DMS) is estimated to be high in North America owing to the growth in the automotive industry and rise in technological advancements in the automotive industry in the region. The driver monitoring system (DMS) market in Asia Pacific is projected to expand significantly during the forecast period. Increase in demand for luxury cars and rise in incidences of road accidents are also likely to create new opportunities for the market in Asia Pacific in the near future. Additionally, technological advancements in China, Japan, and South Korea are anticipated to propel the demand for driver monitoring system (DMS) in the region.

Major players operating in the global driver monitoring system (DMS) market include Autoliv, Inc., Aisin Seiki Co., Ltd., Continental Automotive Systems, Inc., Delphi Automotive PLC, Nissan Motor Co., Ltd., Robert-Bosch GmbH, Sumitomo Riko Company Ltd., Valeo SA, Jabil Inc., Subaru (Aust) Pty Ltd., PathPartner Technology Inc., Veoneer Inc., and Visteon Corporation.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
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  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

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The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

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